The latest research from Docklands Cityscope shows that commercial property sales have increased significantly with 15 sales at a total of $280.1 million, compared to the 11 sales at a total value of $37.5 million for the previous quarter.
A quarterly increase in commercial property sales at Docklands in Melbourne was not enough to push the suburb ahead of where it was this time last year, according to Cityscope.
According to the data, there were 15 sales at a total of $280.1 million for the quarter, signalling an increase from the 11 sales totalling $37.5 million the previous quarter.
But the year's total for the suburb has decreased, with 57 sales at a total value of $587.9 million for the twelve months to July 2019, compared to the 59 sales at a total of $1.924 billion for the previous year.
Source: Cityscope
Notable sales in the July 2019 update of Docklands Cityscope include:
An 11-storey building completed in late 2008, comprising 16,000 sqm of office space and 1,100 sqm of retail premises plus basement car parking for 231 cars, was bought for $192 million through JLL Melbourne and
An 8,341 sqm, nine-level commercial tower completed in mid-2005 with a podium along Harbour Esplanade, office/retail space on the ground floor and office space above plus a retail showroom opening onto the pedestrian concourse around Marvel Stadium, was bought for approximately $80 million through Colliers International - Melbourne and CBRE - Melbourne.
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